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Northern Trust Retirement Plan Imprudent Investment Options Class Action

This class action brings suit against the Northern Trust Company and its Employee Benefit Administrative Committee and its members for failing to properly monitor and replace poorly-performing investment options in the company’s retirement plan, the Northern Trust Company Thrift-Incentive Plan. The complaint alleges that the defendants have breached their fiduciary duties under the Employee Retirement  Read more

Northern Trust Company Sign on Building

Brenntag Profit-Sharing Plan Breach of Fiduciary Duty ERISA Settlement

This settlement resolves a class action against Brenntag North America, Inc., its Board of Directors, and its Investment and Oversight Committee. The complaint alleged that these parties breached the fiduciary duties of loyalty, care, and prudence owed to the Brenntag USA Profit-Sharing Plan, because they did not try to reduce the plan’s expenses or properly  Read more

Coins and Bills in Jar Labeled "Retirement"

Kaleida Health 403(b) and 401(k) Breach of Fiduciary Duties Class Action

This class action brings suit against Kaleida Health, its Board of Directors, its Retirement Plan Committee, and a number of related individuals, under the Employee Retirement Income Security Act (ERISA). The complaint alleges that these defendants breached their fiduciary duties to the company’s retirement plans by “incur[ring] expenses that were excessive, unreasonable and/or unnecessary.”  Read more

Buffalo General Medical Center, Part of Kaleida Health

Cerner Corporation Retirement Plan ERISA Settlement

Cerner Corporation is paying more than $4 million to settle a class action alleging it breached its fiduciary duties under the Employee Retirement Income Security Act of 1974 (ERISA) in connection with its retirement plan. The complaint alleged that the company offered unnecessarily expensive investment options, paid excessive administrative fees, and concentrated investments in Cerner  Read more

Cerner Name on Building

Teva Pharmaceuticals Retirement Plan Settlement

This settlement resolves a class action against Teva Pharmaceuticals USA, Inc., its board of directors, and the investment committee of its retirement plan. The complaint alleged that these parties breached their fiduciary duties to the Teva Pharmaceuticals Retirement Savings Plan, by not keeping plan expenses down and not properly choosing and monitoring its investment options.  Read more

Coins in Jar Labeled "Retirement"

New York Life 401(k) Options Primarily Profit NYL Class Action

The complaint for this class brings suit against defendants New York Life Insurance Company, the Boards of Trustees for two of its retirement plans, and individual members of the plans’ Boards, all of whom it names as fiduciaries of the plans. The complaint alleges that “this suit is about corporate self-dealing and the prohibited transfer  Read more

The Top of the New York Life Building

Insperity 401(k) Retirement Plan Settlement

This settlement resolves a class action against Reliance Trust Company, Insperity, Inc., Insperity Holdings, Inc., and Insperity Retirement Services, LP, claiming they violated ERISA in their operation and administration of the Insperity 401(k) Plan. The lawsuit alleged the companies caused the plan to pay too much for administrative and investment services, and also that they  Read more

Rising Bar Graph on Chalkboard Titled "Retirement Plan"

L Brands 401(k) Plan Breach of Fiduciary Duty Class Action

Company retirement plans, like 401(k) plans, are governed by the Employee Retirement Income Security Act (ERISA), and those who handle them are fiduciaries, with the duties of prudence and loyalty to the participants. This class action brings suit against L Brands, Inc., L Brands Service Company, LLC, and the plan’s administrative committee, alleging that these  Read more

Rising Bar Graph on Chalkboard Titled "Retirement Plan"

Northern Trust Retirement Plan Poorly-Performing Options Class Action

Company retirement plans are governed by the Employee Retirement Income Security Act of 1974 (ERISA). This includes the Northern Trust Company Thrift-Incentive Plan. This class action brings suit against the Northern Trust Company, its Employee Benefit Administrative Committee, and the Committee’s members, alleging that they have breached their fiduciary duties under the plan.  Read more

Window with Logo and Name "Northern Trust"

Nestle 401(k) Duties of Prudence and Loyalty ERISA Class Action

The plaintiff in this case brings suit on behalf of the Nestle 401(k) Savings Plan, against Nestle USA, Inc. and its board of directors. The Employee Retirement Income Security Act (ERISA) governs company-employee retirement accounts, and the complaint alleges that those responsible for Nestle’s 401(k) plan violated their fiduciary duties of loyalty and prudence under  Read more

Hand Putting Coin in Piggybank Labeled "401(k)"